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IN BRIEF: Fandango's full-year loss widens, plans to acquire Radair

31st Dec 2021 13:34

Fandango Holdings PLC - investment company focused on the industrial and services sectors - Says pretax loss for the year ended August 31 widened to GBP496,000 from GBP44,000 the year before. It attributes this to a loan impairment charge of GBP296,000 for the year. Plans to acquire Bahamian-based Radair Ltd in a reverse takeover transaction. Believes that the acquisition will add significant shareholder value.

Current stock price: suspended

By Abby Amoakuh; [email protected]

Copyright 2021 Alliance News Limited. All Rights Reserved.


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